Alfa Laval offers $2bn for Finnish valve maker Neles

in hive-116221 •  4 years ago 

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On Monday, the Swedish industrial group Alfa Laval agreed to buy the Finnish valve maker Neles.

Offering Neles' shareholders €11.50 in cash per share, the firm will hope that its €1.73bn ($2bn, £1.5bn) bid will deter any counter offers. Judging by the manufacturer's Friday closing price, the agreement would offer a premium of 32.8 per cent.


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